Algebris Investments has appointed portfolio manager Sebastiano Pirro as chief investment officer at group level, as founder and CEO Davide Serra steps back from the role.
Pirro, who joined the firm from JP Morgan in 2012, will continue to run the Algebris Financial Credit and IG Financial Credit funds as part of his new role. He will report to Serra, who will continue to focus on CEO and business management responsibilities. Serra said: "Sebastiano has demonstrated remarkable investment acumen and leadership skills over the years. He has worked ceaselessly to build up and consolidate our financial credit strategies since inception. "He has overseen the expansion of our investment team, as the firm went through a phase of outstanding growth in assets un...
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